Economic, financial impact on Qatar from boycott is fading: IMF

Economic, financial impact on Qatar from boycott is fading: IMF:

"The direct economic and financial impact for Qatar as a result of the diplomatic boycott with some Arab states is fading, according to a report from the International Monetary Fund.

Qatar’s banking system has recovered from initial outflows and the economy is expected to grow 2.6 percent this year, the IMF said in a report citing formal consultations with Qatar.

The country’s fiscal deficit is estimated to have narrowed to about 6 percent of gross domestic product in 2017 from 9.2 percent in 2016 , the IMF said."



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